Information Package / Course Catalogue
Experimental Economics
Course Code: İKT451
Course Type: Area Elective
Couse Group: First Cycle (Bachelor's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 5
Objectives of the Course

To provide students with an understanding of economic psychology and behavioral economics which is a new and a fast expanding field of economics at introducing psychology into economic modelling.

Course Content

Mainly it examines theories and evidences from behavioral and experimental economics to explain agent's decisions. Also it introduces experimental methods.

Name of Lecturer(s)
Learning Outcomes
1.Have the basic understanding of behavioral and experimental economics
2.Learn psychological roots of decisions in daily-life cases.
3.Learn basic methods of experiments in economics field.
4.Analyze the impact of investor psychology on risk tolerance
5.Methodological examination of behavioral finance
Recommended or Required Reading
1.E. Angner, A Course in Behavioral Economics, 2012 N. Bardsley
2.Experimental Economic: Rethinking the Rules, 2009 J. H. Kagel and A. E. Roth
Weekly Detailed Course Contents
Week 1 - Theoretical
The Scope of Behavioral Economics
Week 2 - Theoretical
Departures Standard Economic Theory: Rational Man and Beyond
Week 3 - Theoretical
Altruism, Fairness, Reciprocity, Shame
Week 4 - Theoretical
Intrinsic Motivation versus Extrinsic Incentives
Week 5 - Theoretical
Time Inconsistency and Self-Control
Week 6 - Theoretical
Reference-Dependent Preferences and Loss Aversion
Week 7 - Theoretical
Bounded Rationality
Week 8 - Theoretical
Bounded Rationality
Week 9 - Theoretical
Social Identities and Economic Reflections
Week 10 - Theoretical
Decision Making Under Uncertainty
Week 11 - Theoretical
Behavioral Game Theory
Week 12 - Theoretical
Social Preferences: Public Goods and Altruism
Week 13 - Theoretical
Experimental Methods in Economics: Experimental Design
Week 14 - Theoretical
Experimental Methods in Economics: Design of experiment data
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory142370
Individual Work42528
Midterm Examination110111
Final Examination115116
TOTAL WORKLOAD (hours)125
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
OÇ-1
4
4
3
3
5
5
5
OÇ-2
5
5
5
5
3
3
5
OÇ-3
3
5
4
3
4
4
5
OÇ-4
4
3
4
3
3
3
3
OÇ-5
3
3
3
3
3
3
3
Adnan Menderes University - Information Package / Course Catalogue
2026